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    Est Nov 19 Final

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    diablolc
    The document provides an exam for a course on economics of sea transport and international trade. It lists 7 questions covering topics like reasons for protectionism, the coal market, government subsidies in maritime industry, how bunker prices affect freight rates, the effect of demand and inventory on optimal ship size, economies of scale in shipping, and trade deficits.

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    Est Nov 19 Final

    Uploaded by

    diablolc
    22 views1 page
    The document provides an exam for a course on economics of sea transport and international trade. It lists 7 questions covering topics like reasons for protectionism, the coal market, government subsidies in maritime industry, how bunker prices affect freight rates, the effect of demand and inventory on optimal ship size, economies of scale in shipping, and trade deficits.

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    est nov 19 final

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    est nov 19 final

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    The document provides an exam for a course on economics of sea transport and international trade. It lists 7 questions covering topics like reasons for protectionism, the coal market, government subsidies in maritime industry, how bunker prices affect freight rates, the effect of demand and inventory on optimal ship size, economies of scale in shipping, and trade deficits.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    22 views1 page

    Est Nov 19 Final

    Uploaded by

    diablolc
    The document provides an exam for a course on economics of sea transport and international trade. It lists 7 questions covering topics like reasons for protectionism, the coal market, government subsidies in maritime industry, how bunker prices affect freight rates, the effect of demand and inventory on optimal ship size, economies of scale in shipping, and trade deficits.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    THURSDAY 21st NOVEMBER 2019- MORNING

    ECONOMICS OF SEA TRANSPORT AND


    INTERNATIONAL TRADE
    Time allowed – three hours
    Answer any FIVE questions – all questions carry equal marks
    Please read the questions carefully before answering

    1. Define the main FIVE reasons in support of protectionism, using examples to support
    your answer.

    2. Answer BOTH parts of the question. Within the coal market, describe;
    a) The TWO main sectors and current market conditions.
    b) Main importing and exporting countries.

    3. Explain why governments use subsidies in the maritime industry. Use examples to
    support your answer.

    4. Explain how the price of bunkers affects freight rates, and therefore the cost of
    imports. Use a diagram to support your answer.

    5. Using a diagram to support your answer, explain the effect of demand and inventory
    on optimal ship size.

    6. Analyse the effect of economies of scale in deep sea shipping and their influence on
    the global pattern of maritime trade.

    7. What is meant by a balance of trade deficit, and how can it be altered?

    8. Using either the dry cargo or tanker chartering trade, discuss how current macro
    economic and political activity will affect future trade by sea.

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